The 3-D printing industry may still be cutting edge and futuristic for most of the marketplace, but a recent acquisition by Eden Prairie-based
Stratasys shows that the technology is gaining momentum, and the Minnesota company is leading the way.
The company reported recently that it just inked a deal to acquire competitor
MakerBot, in a transaction worth about $403 million. If MakerBot reaches certain performance benchmarks, that amount could grow even more before Stratasys finalizes the deal.
The acquisition is an important one for the industry, and establishes Stratasys as a savvy, well-positioned company that could significantly extend its reach. Already, the firm produces 3D printers for commercial and industrial uses, and the inclusion of MakerBot technology could expand its production to smaller, more entry-level models that may be used by small businesses or even home users.
Industry analysts were quick to note that the combination of the two companies would drive faster adoption for 3D printers for multiple applications, and could bring the technology into the mainstream.
MakerBot will now operate as a separate subsidiary of Stratasys, continuing to maintain its own products and market strategy, and CEO Bre Pettis noted that the deal will continue a robust growth track.
"We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things," Pettis says. "It will allow us to bring 3D technology to more people."
In addition to the acquisition, Stratasys also announced it would add about 80 jobs by the end of the year.
Source: Bre Pettis, MakerBot
Writer: Elizabeth Millard